Ibaj has announced that it executes financial transfers exceeding <strong>$2.4 billion</strong> annually through over <strong>4 million transactions</strong>, serving more than <strong>1 million clients</strong> each year. This reflects its pivotal role in supporting the Egyptian economy.
Orange Cash has announced the launch of a new range of services aimed at improving user experience and enhancing the efficiency of financial transactions. These innovative features facilitate daily financial operations.
The Israeli government led by Prime Minister <strong>Benjamin Netanyahu</strong> has announced substantial financial transfers to the Haredi community ahead of the national budget approval. This move comes at a critical time as the ruling coalition seeks to secure Haredi support amid ongoing economic and political challenges in Israel.
Lebanon faces a severe economic crisis as remittances from expatriates have plummeted from <strong>$600</strong> to <strong>$200</strong> monthly. This decline reflects the war's impact on the financial situation of many Lebanese families.
OpenFX, a startup specializing in foreign exchange and money transfer, has raised <strong>$94 million</strong> in a new funding round led by several venture capital firms. This initiative aims to utilize <strong>stablecoins</strong> to expedite cross-border payments, coinciding with a growing interest in modernizing traditional payment systems.
On Sunday, March 29, 2026, the Saudi Riyal reached a new record high against the Egyptian Pound in banks, trading at 8.50 EGP. This increase reflects current economic changes and raises questions about its impact on the local economy.